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OFFERING MEMORANDUM
Dickey’s Barbecue Pit
2070 HWY. 71
MARIANNA, FL 32448
Doug Aronson Waleah Davidson
Senior Vice President Client Services Coordinator
+1 561 549 9452 +1 954 716 2584
doug.aronson@colliers.com waleah.davidson@colliers.com
CONFIDENTIALITY
& DISCLAIMER
C O N TA C T U S
OFFERING
Colliers International South Florida, LLC
801 Brickell Avenue, Suite 850
STATEMENT PROCEDURE
Miami, FL 33131
+1 305 359 3690 Intended solely for your own limited use to determine whether
you wish to express any further interest in the Property. This Offers should be submitted in the form of a standard non-
confidential memorandum contains brief, selected information binding Letter of Intent, which can be found on the
colliers.com/SouthFlorida pertaining to the business and affairs of the Property and has Colliers International Document Center, and must specify
been prepared by Colliers International South Florida, LLC, the following:
primarily from information supplied by the Owner. Although this • Price (Call for pricing guidance)
confidential memorandum has been reviewed by representatives • Length of Inspection Period
of the Owner, it does not propose to be all-inclusive, nor does it • Length of Closing Period
contain all the information which a prospective purchaser may • Amount of earnest money deposit at execution of a
require or desire. Neither the Owner, nor any of its officers, Purchase and Sale Contract
directors, employees or agents, nor Colliers International South • Amount of additional deposit upon expiration of
Florida, LLC, makes any representation or warranty, expressed or Inspection Period
implied, as to the accuracy or completeness of this confidential
memorandum or any of its contents, and no legal liability is
assumed or is to be implied by any of the aforementioned with DOUG ARONSON
respect thereto. Prospective offers are advised to verify the Senior Vice President
information independently. The Owner reserves the right to +1 561 549 9452
change the price or any information in this Memorandum, or to doug.aronson@colliers.com
withdraw the Property from the market at any time, without
notice. This confidential memorandum shall not be deemed an WALEAH DAVIDSON
indication of the state of affairs of the Property or the Owner, nor Client Services Coordinator
shall it constitute an indication that there has been no change in +1 954 716 2584
the business or affairs of the Property or the Owner since the date waleah.davidson@colliers.com
of preparation of this memorandum. By your receipt of this
confidential memorandum, you agree that the information
contained herein is of a confidential nature and you will not
disclose this memorandum or any part of the contents to any
other person, firm or entity without prior authorization from
Colliers International South Florida, LLC.
TABLE OF CONTENTS
FINANCIAL SUMMARY TENANT OVERVIEW PROPERTY LOCATION
PA G E PA G E PA G E
4 5 6
PROPERTY PHOTOS AERIAL MAP AERIAL MAP
PA G E PA G E PA G E
7 8 9
DEMOGRAPHICS ABOUT COLLIERS
PA G E PA G E
10 12
3 | COLLIERS INTERNATIONAL
P R I C E : $ 1, 5 8 3 , 3 3 3
FINANCIAL SUMMARY C A P R AT E : 6 . 0 0 %
DICKEY’S BARBEQUE PIT
2 0 7 0 H W Y. 7 1 | M A R I A N N A , F L 3 2 4 4 8
INVESTMENT HIGHLIGHTS
• Fast growing QSR (Family owned since 1941).
• Largest BBQ Franchise in USA (550 locations in 45 states). Net Operating Income
$95,000
• Located off of I-10 exit. (NOI)
• Brand new 12 year NNN lease with no landlord responsibilities. Rent/Month $7,916.66
• 1 hour to Florida’s capital, Florida State University and NW Florida Rent/SF $32.97
beaches. Rentable SF ± 2,881 SF
• Florida has no state income tax. Land Area ± 0.730 Acres
RENT SCHEDULE Tenant Name Dickey’s Barbecue Pit
MONTHLY PRICE Website www.dickeys.com
TERM ANNUAL RENT INCREASES
RENT PSF
Guarantor Hickory Properties LLC
Year 1 $95,000 $7,917 $32.97 -
Year 2 $96,425 $8,036 $33.47 1.5%
Ownership Type Fee Simple
Year 3 $97,871 $8,156 $33.97 1.5% Lease Type Absolute NNN
Year 4 $99,339 $8,278 $34.48 1.5% Landlord
None
Year 5 $100,830 $8,402 $34.99 1.5% Responsibilities
Year 6 $102,341 $8,528 $35.52 1.5% Year Built 2016
Year 7 $103,876 $8,656 $36.05 1.5%
Rent Commencement At close of escrow
Year 8 $105,434 $8,786 $36.59 1.5%
Year 9 $107,016 $8,918 $37.14 1.5%
Lease Expiration 12 years after close of escrow
Year 10 $108,621 $9,052 $37.70 1.5% Increases 1.5% Annually
Year 11 $110,250 $9,1,88 $38.26 1.5% Options Three (3), Five (5) year
Year 12 $111,904 $9,325 $38.84 1.5%
4 | COLLIERS INTERNATIONAL
TENANT
OVERVIEW
A B O U T D I C K E Y ’ S B A R B E C U E R E S TA U R A N T S , I N C .
Dickey’s Barbecue Restaurants, Inc., the nation’s largest barbecue chain
was founded in 1941 by Travis Dickey with the goal of authentic slow
smoked barbecue. Today, all meats are still slow smoked on-site in each
restaurant living up to the company tagline, “We Speak Barbecue.” The
Dallas-based family-run barbecue franchise offers a quality selection of signature meats, home
style sides, tangy barbecue sauce and free kids’ meals every Sunday. The fast-casual concept has
expanded to over 560 locations in 44 states. Dickey’s was recognized for the third year by Nation’s
Restaurant News as a “Top 10 Growth Chain” and by Technomic as the “Fastest-growing
restaurant chain in the country.”
5 | COLLIERS INTERNATIONAL
PROPERTY
LOCATION
The Dickey’s Barbecue Pit in Marianna, FL is located
just off Interstate 10, a significant exit for travelers with
many dining and hotel options. Marianna is centrally
located between the famous beaches in Northwest
Florida and the state capital Tallahassee. Both points
are reachable within an hour’s drive.
Distance to
LOCATION DISTANCE DIRECTION Tallahassee
Tallahassee 61 miles Southeast Pensacola
Panama City Beach 57 miles Southwest
Panama City Beach
Pensacola 136 miles Southwest
Gainesville
NORTH
6 | COLLIERS INTERNATIONAL
PROPERTY PHOTOS 7 | COLLIERS INTERNATIONAL
AERIAL MAP
McDonald’s
Subject Site
8 | COLLIERS INTERNATIONAL
AERIAL MAP
McDonald’s
Subject Site
9 | COLLIERS INTERNATIONAL
DEMOGRAPHICS (1, 3, 5 MILES)
POPULATION 3 MILE 7 MILES 10 MILES
2018 Population 1,516 14,444 21,006
2023 Population 1,489 14,226 20,756
2018 Median Age 42.6 41.8 41.7
2023 Median Age 43.9 42.8 42.7
Households
2018 Total Households 590 5,764 7,861
2023 Total Households 578 5,657 7,743
2018 Average Household Size 2.55 2.38 2.46
2023 Average Household Size 2.55 2.39 2.46
Median Household Income
2018 Median Household Income $34,772 $35,891 $37,067
2023 Median Household Income $34,711 $35,611 $36,834
Average Household Income
2018 Average Household Income $48,184 $53,915 $54,023
2023 Average Household Income $51,398 $57,269 $57,541
Owner Occupied Housing Units
2018 Owner Occupied Housing
399 3,475 5,004
Units
2023 Owner Occupied Housing
397 3,553 4,988
Units
Renter Occupied Housing Units
2018 Renter Occupied Housing
191 2,289 2,857
Units
2023 Renter Occupied Housing
181 2,176 2,721
Units
Families
2018 Families 388 3,633 5,081
2023 Families 379 3,553 4,988
10 | COLLIERS INTERNATIONALCOLLIERS INTERNATIONAL
As a global entity, our firm has been in operation more than 118 years. We proudly trace our roots back SERVICE LINES
to a local firm founded in 1898, when Macaulay Nicolls, a real estate insurance agency was registered
in Vancouver, BC. Macaulay Nicolls soon added a partner and became Macaulay Nicolls Maitland. In
the early 1980s, it joined forces with Colliers International, an Australian firm founded in 1976. Colliers
was established in the U.S. in 1978. Today, we hold on to those local roots and have steadily grown
our business through customized client solutions, global and regional accountability for our clients, and
innovation.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in real estate services,
committed to accelerating the success of Puerto Rico’s Department of Education through the strength
and depth of our local specialists, a culture of service excellence and a shared sense of initiative. We are
the third-largest global real estate firm based on total annual revenue of $2.6 billion.
Comprised of Revenue Managing
15,400
professionals
$2.7B (US$)
2B
(square feet)
We offer a complete range of services to owners, investors and
occupiers on a local, regional, national and international basis.
The foundation of our service is the strength and depth of our
local specialists. Our clients depend on our ability to draw on
years of direct local market experience.
Established in Lease/sale transactions Transaction value In addition to these sectors, we provide our clients with a deep
69
countries
72,000 $116+B (US$)
level of knowledge in specialized industries and product types,
such as law, technical facilities, and healthcare.
All statistics are for 2017, are in U.S. dollars and include affiliates.
Colliers International is a leader in global real estate services,
defined by our spirit of enterprise. Through a culture of service
excellence and a shared sense of initiative, we integrate the
resources of real estate specialists worldwide to accelerate
the success of our partners—our clients, professionals and
communities.
11 | COLLIERS INTERNATIONALCONTACT US Colliers International South Florida, LLC Doug Aronson Waleah Davidson 801 Brickell Avenue, Suite 850 Senior Vice President Client Services Coordinator Miami, FL 33131 +1 561 549 9452 +1 954 716 2584 +1 305 359 3690 doug.aronson@colliers.com waleah.davidson@colliers.com colliers.com/SouthFlorida
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